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Discontinued — last reported Q4 '25

Net debt at other companies

Cloudflare, Inc. logo
Cloudflare, Inc.NET
-5×-5.4×
Zscaler logo
ZscalerZS
19.2×+12.3×
Citigroup logo
CitigroupC
0.1×-0.3×
Morgan Stanley logo
Morgan StanleyMS
-0.2×
Wells Fargo & Company logo
Wells Fargo & CompanyWFC
0.6×-1.3×
American Express logo
American ExpressAXP
0.3×+0.3×

Other financials

Income statement

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Revenue$69.0M-3.8%
Operating income$32.9M-3.1%
Net income$32.8M+5.6%
EPS (diluted)$1.02-1.0%

Balance sheet

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Cash & equivalents$89.1M-30.4%
Total debt$570.0K-99.8%
Total equity$1.9B-1.4%
Total assets$2.4B+1.8%

Cash flow

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Operating cash flow$56.0M+3.3%

Valuation

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Market cap$1.72B+25.7%
P/E14.3×+4.4×
P/S6.5×+1.8×

Profitability

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Operating margin46.8%-5.8pp
Net margin45.6%-4.7pp

Returns & leverage

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Return on equity6.3%-1.6pp
Debt / equity-0.1×

Where this comes from

Calculated from Innovative Industrial Properties, Inc.’s reported figures.

The source filing: Innovative Industrial Properties, Inc.’s 10-Q, filed May 5, 2026. Open the filing →

Filed
May 5, 2026, 4:11 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001677576-26-000002

FAQ

What is Innovative Industrial Properties, Inc.'s net debt?
Innovative Industrial Properties, Inc. (IIPR) reported net debt of -$47.03M in Q4 2025.
How has Innovative Industrial Properties, Inc.'s net debt changed year-over-year?
Innovative Industrial Properties, Inc.'s net debt decreased by 132.7% year-over-year, from $143.88M to -$47.03M.
What is the long-term trend for Innovative Industrial Properties, Inc.'s net debt?
Over 5 years (2020 to 2025), Innovative Industrial Properties, Inc.'s net debt has grown at a -17.8% compound annual growth rate (CAGR), from -$124.95M to -$47.03M.
What does net debt mean?
Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

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